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Verizon Communications (VZ) PT Raised to $50 at Tigress Financial Partners
January 25, 2024 9:03 AM ESTTigress Financial Partners analyst Ivan Feinseth raised the price target on Verizon Communications (NYSE: VZ) to $50.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on VZ and increase our 12-month target price to $50 as 2023 was highlighted by strong subscriber and cash flow growth, completing a turnaround, and should see further acceleration in 2024, driving a recovery in revenue and cash flow growth, which, combined with its significant dividend yield, will continue to create a compelling investment opportunity. VZ recently reported Q4 results highlighting strong subscriber and cash flow growth... More
